Hong Kong's Construction Costs: Considering Mainland Chinese Building Material Standards

Politics

1 year ago

News sources:

Credited from: SCMP

Hong Kong experiences significantly high construction costs, ranking 9th globally in 2024 according to the International Construction Cost Index.
The city currently mandates British and EU standards for building materials, leading to increased costs due to overseas transport fees.
To address a nearly HK$100 billion deficit, the government is considering adopting mainland Chinese standards for material procurement.
While aiming to cut costs, there are concerns over worker welfare and safety, with reports of unpaid crews and workplace accidents.
The implementation of Building Information Modelling by 2029 aims to enhance project collaboration, facilitating the possible adoption of mainland standards.

For the full article, visit: South China Morning Post.